Invesco QQQ (NASDAQ:QQQ) is Level Four Advisory Services LLC’s 3rd Largest Position

Level Four Advisory Services LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,990 shares of the exchange traded fund’s stock after selling 1,451 shares during the period. Invesco QQQ comprises about 2.9% of Level Four Advisory Services LLC’s portfolio, making the stock its 3rd biggest position. Level Four Advisory Services LLC’s holdings in Invesco QQQ were worth $70,034,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter worth about $62,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ opened at $481.62 on Friday. The stock’s 50 day moving average is $509.49 and its two-hundred day moving average is $504.67. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $303.54 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.